BL Unit V Assessment 2 of 2

License Agreement Name: Institution: Date: LICENSE AGREEMENT This contract happens between the purchaser and licensor that establishes the right of the purchaser of using the software. The license tends to describe the ways that will be used in the copy usage. This may be in totaling up to the routine rights of the purchaser, which includes the doctrines of the first sale (Clausen, 2006). The patent owner usually seeks other companies to commercialize their expertise. One company or party is given the right by the other of making special and limited use of the property of the second party. This kind of agreement was signed between the Apple and HTC firms. The agreement period was set for ten years and it catered for all the future and pending patents. Moreover, the agreement ended the continuous lawsuit that existed between these two companies. Find herein the purpose of the license agreement as well as the identification of the licensor and licensee. The Apple Company, which is the licensor, was to be paid by the HTC Company a sum of six to eight dollars for each android devise that is shipped. The chief executive officer however argued that irrespective of the amount spent, the China president of HTC believes that the deal is likely to start benefitting on the year two thousand and thirteen. Therefore, there is a high expectation after the signing of the deal that the business will shoot in the year two thousand and thirteen, as it is promising. This is because the licensee, HTC expects to receive a great pay off after the settlement with the Apple in the said year, as well as the fourth quarter of the year, which was progressing in a set pace. Th...